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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Aptos",sans-serif;color:windowtext">Hey Mark,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Aptos",sans-serif;color:windowtext">Wow! I just sat down to draft almost that exact same document! My clients want a manager-managed agreement, but otherwise, it is the same. They want a FROR
and have agreed in advance to share the cost of an appraisal to determine the purchase price if one party wants out. If you receive any samples, please share
</span><span style="font-size:12.0pt;font-family:"Segoe UI Emoji",sans-serif;color:windowtext">😊</span><span style="font-size:12.0pt;font-family:"Aptos",sans-serif;color:windowtext"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Aptos",sans-serif;color:windowtext"><o:p> </o:p></span></p>
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<i><span style="font-family:"Verdana",sans-serif;color:black">Jan Kelly, JD, MBA<br>
</span></i><span style="font-family:"Verdana",sans-serif;color:black">Attorney at Law</span><span style="font-size:12.0pt;font-family:"Aptos",sans-serif;color:windowtext"><o:p></o:p></span></p>
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<span style="font-family:"Verdana",sans-serif;color:black">J</span><span style="color:#222222">K Law<br>
PO Box 1964<br>
Poulsbo, WA 98370<br>
Direct Line (702) 338-6733</span><span style="font-size:12.0pt;font-family:"Aptos",sans-serif;color:windowtext"><o:p></o:p></span></p>
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<i><span style="font-family:"Verdana",sans-serif;color:black">Licensed in Nevada and Washington</span></i><span style="font-family:"Verdana",sans-serif;color:black">.</span><span style="font-size:12.0pt;font-family:"Aptos",sans-serif;color:windowtext"><o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-bottom:0in"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:windowtext">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:windowtext"> wsbarp-bounces@lists.wsbarppt.com
<wsbarp-bounces@lists.wsbarppt.com> <b>On Behalf Of </b>Mark Anderson<br>
<b>Sent:</b> Tuesday, November 18, 2025 10:50 AM<br>
<b>To:</b> WSBA Real Property Listserv <wsbarp@lists.wsbarppt.com><br>
<b>Subject:</b> [WSBARP] Real Property Buy/Sell Agreement in LLC OA<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="color:#002060">Dear All:<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#002060">Two individuals formed a member-managed limited liability company for the sole purpose of holding a single real property asset (a vacation home). In addition to the typical provisions, powers, and authority
found in an operating agreement, I also want to include provisions that address the circumstance in which one party wants to sell their interest in the LLC (and thus their interest in the vacation home). This would probably include a first right of refusal
and methods for valuation.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#002060">Would any of you be willing to share examples of language to include in the operating agreement that would accomplish this? I'm trying to avoid creating one from "whole cloth."<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#002060">Thanks.<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-bottom:12.0pt"><b><span style="color:#002060">Mark B. Anderson<br>
</span></b><span style="color:#002060">ANDERSON LAW FIRM PLLC<br>
821 Dock Street, Suite 209, PMB 4-12<br>
Tacoma, Washington 98402<br>
+1 253-327-1750<br>
+1 253-327-1751 (fax)<br>
<a href="mailto:marka@mbaesq.com"><span style="color:#002060">marka@mbaesq.com</span></a><br>
<a href="http://www.mbaesq.com/"><span style="color:#002060">www.mbaesq.com</span></a><b><o:p></o:p></b></span></p>
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